LVMH’s Post

Louis Vuitton and Dior LVMH luxury sector resilience Louis Vuitton and Dior LVMH Moët Hennessy Louis Vuitton SE KEY POINTS ·        The owner of Louis Vuitton, Moët & Chandon and Hennessy on Thursday night reported sales of 86.15 billion euros ($93.46 billion) for the full year, exceeding consensus forecasts. LVMH shares jumped more than 12% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend. The owner of Louis Vuitton, Moët & Chandon and Hennessy, as well as brands including Givenchy, Bulgari and Sephora, on Thursday night reported sales amounting to 86.15 billion euros ($93.34 billion) for 2023, exceeding consensus forecasts and equating to 13% organic growth from the previous year.

The Lyst Index has once more tapped into the trends shaping the luxury sector and I am not surprised to see the number of times that collaborations with celebrities, events and other brands are highlighted as a reason for brands placing high on this list. From Miu Miu's collaborations with New Balance and Church's, to Prada Group's work with Emma Watson and Benedict Cumberbatch, or Saint Laurent's Oppenheimer Oscar dinner and Moncler's Saint Moritz show, it is all about putting the brand and its story into new places for consumers to access and appreciate it. See the list here: https://lnkd.in/gHUN8KNt #Luxury #LystIndex #Engagement

Since passion for #fashion has always been in my veins, discovering that LVMH offered the chance to learn more about its world and its Maisons was a challenge I absolutely needed to take! I’m happy to share that I just completed my #INSIDELVMHCertificate, specializing in the following four modules: 1. LVMH & The Luxury Industry 💍 2. Luxury & Society 🌐 3. Creation & Branding 🪡 4. Retail & Customer Experience 🏨 Learning more about the 75 Maisons, such as Louis Vuitton, Christian Dior Couture, Bvlgari, Moët Hennessy, Tiffany & Co., Veuve Clicquot, and Guerlain, helped me discover the different business sectors that #LVMH encompasses.

You are either buying something or selling something. The person that sells to millions of people, can make billions in cash. There are a lot of things we buy to signal status. This gentleman just became the richest man in the world. CEO of LVMH; A portfolio that reportedly includes Louis Vuitton, Moët & Chandon, Hennessy, TAG Heuer, Sephora, Bulgari, Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, etc As we dey pop that champagne, he is smiling to the bank. Anyways, the biggest question for us as individuals, is what are we selling to make money. We are either selling goods to a customer or selling skills to an employer. What is the market paying for the skills/services we have to offer? The local market, or the international market. We must do a critical analysis of the above. May God help us🙏 Photo Credit: Forbes

LVMH, the global conglomerate of luxury brands from Louis Vuitton and Dior to Bulgari and Moët & Chandon, led the sector's sell-off today. Its capitalization at trading fell by more than 5%, and since the beginning of the year - by almost 10%. Hermès and Brunello Cucinelli fell by 2.2%, the FT writes, Kering (Gucci) receipts in New York fell by 9%, Richemont (Cartier) by 2.3%, and Prada by 5.5%. Experts do not expect a recovery in the luxury goods market before 2025, but even then, rather for general reasons - “the market always grows in the end.” The question now is whether the trend has broken and whether it will grow back at all.

Recent reports on the luxury sector are telling a tale of contrasts. While Prada Group boasts doubled revenues for the mega popular Miu Miu, the LVMH conglomerate, which owns brands like Louis Vuitton and Dior, is signaling a downturn for the industry especially in some key global markets. In a shifting landscape, brands like Giorgio Armani are still seeing steady growth and Hermès reported a 13% rise in sales. We rounded up some of the numbers from luxury's latest learnings.

Italian Luxury: It’s Not Just About Commercial Success, It’s About Synergy and Cultural Relevance Yemi, great points on the commercial success of Italian luxury creative directors! But it’s important to look beyond just the revenue numbers. What makes creative directors like Alessandro Michele and Pierpaolo Piccioli extraordinary is their ability to balance tradition and innovation, creating cultural relevance that resonates globally. Take Prada—the Miuccia Prada and Raf Simons partnership and Patrizio Bertelli’s leadership shows how strategic synergy between creative vision and business acumen drives not just sales, but brand longevity. Additionally it’s the increasing need for CMO and Creative Director symbiosis that will shape the future of luxury brands. These roles are more intertwined than ever, especially in a world where digital engagement, sustainability, and personalization define consumer loyalty. Don’t be too surprised about Pierpaolo, he started at Valentino with Maria Grazia Chiuri in Accessories and worked together until 2016, when Maria Grazia moved to Dior. He maybe in search of just the right opportunity, partnership, set up? Finally, luxury brands must learn from the mass-market evolution of companies like Uniqlo, which has blurred the line between fast fashion and high fashion by focusing on cultural relevance, spearheaded by Christophe Lemaire and Sarah Linh Tran and the recent hiring of Clare Waight Keller (non italians). The question now isn’t just about who’s doubling revenues, but who’s leading the charge in aligning heritage with modern consumer values. #MFW #LuxuryFashion #CreativeDirectors #CMOSynergy #CulturalRelevance #Vogue #Dior #BOF

Louis Vuitton Started as a Luggage Company Founded in 1854, Louis Vuitton until the 90's was just a luggage company. #heritagebrand It didn't start selling clothes until it hired the creative director Marc Jacobs in 1997. By 2004 Marc Jacobs had transformed Louis Vuitton into a multi billion dollar company increasing revenue by 400% in 6 years. In 2022 Louis Vuitton's annual revenue was over £20 billion and it is one of the most valuable and sought after global luxury brands. It will be interesting to see how Louis Vuitton performed in 2023 when it publishes it's annual report this week. Scientia est Potentia - Knowledge is Power #luxurymarket #heritagebrand #thefreshkid

What does a city need to hava a luxuary boutique hub? The word is given to : LVMH LVMH Fragrance Brands LVMH HOTEL MANAGEMENT Hermès Kering CHANEL Christian Dior Couture Hublot ROLEX Richemont Gucci Guerlain What is make you invest in a city and not in another? #invesment #luxuary #realestate #hub #spain #fashion #boutique

🔍 **Seeking Opinions on Product Quality from My Network** Hello LinkedIn community, I recently encountered a situation with a product I purchased and I'm keen to gather your insights on the matter. 👛 **A Look at Louis Vuitton's Product Durability** About a year ago, I invested in a wallet from Louis Vuitton Global, priced at £525. The attached pictures show the current condition of the wallet. Given its price and the brand's reputation for quality, my expectations were naturally high. 🤔 **Is This Acceptable Wear and Tear?** I'd like to pose a question to my network, especially those familiar with luxury goods and product quality standards. Does the wear and tear shown in these images seem reasonable for less than a year of use? Your opinions will be invaluable in assessing whether my expectations for durability and quality were aligned with industry standards. 🔄 **Requesting Your Support** If you're willing, I would greatly appreciate it if you could share this post. Broadening the discussion will help gather diverse perspectives and possibly draw attention to the importance of product quality in luxury brands. Thank you for your time and insights. #louisvuitton Louisvuitton Global